WORLD BUSINESS BRIEFING: ASIA

WORLD BUSINESS BRIEFING: ASIA; TELECOMMUNICATION CONCERN'S PROFIT

Published: April 4, 2001

China Unicom, one of China's biggest mobile-phone groups, posted a 3.23 billion yuan ($390 million) profit for 2000, helped by below-budget capital spending and interest income. The profit was up from 1999 income of 839 million yuan ($101.4 million). Unicom, which went public last summer, said its revenue surged 36 percent, to 24 billion yuan ($2.9 billion), as its subscriber base more than doubled.